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Brand New Childcare Investment

29 Morwell Street, YANCHEP WA, 6035

Sold

Property Sold in 29 Morwell Street, YANCHEP WA, 6035

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11272689
Status:
Sold
Price:
Auction
Last Updated:
16/03/2020
Icon building

Property Type

Medical/Consulting/Retail
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Land Area

2071 SQM
Icon size

Floor Area

655 SQM
Icon parking

Parking

N/A

Brand New Childcare Investment

20+10+10 year lease to 2056
Managed by Think Childcare Ltd: ASX listed early education provider with 50 owned and managed centres
Annual rent increases to CPI + 1%
New 655 sqm purpose-built child care facility licensed for 96 LDC places
Tenant paying all usual outgoings including land tax
High profile 2,071 sqm corner with triple street frontage of 122 metres
Strategic position opposite brand new $57m High School, and 200m from McDonald’s and Woolworths anchored Yanchep Central Shopping Centre
Yanchep: approximately 50km north from the Perth CBD and Australia’s third fastest growth suburb with a 29% increase in population from 2015-16 (source: ABS)
Net Income: $287,000 pa

Auction 11am AEDT Wednesday 13 December 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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